2 weeks ago
BitMine Immersion Technologies (BMMR), the Nasdaq-listed integer plus treasury steadfast led by Fundstrat's Tom Lee, continued to accumulate tokens arsenic crypto prices fell.
The steadfast added implicit 150,000 ETH done past week, according to a Tuesday property release. The acquisition brought the company's full holdings to 1,866,974 tokens, worthy astir $8.1 cardinal astatine existent prices, with astir $635 cardinal successful currency for further acquisitions, the steadfast said.
BMNR was somewhat down pre-market astatine $43, and remained 35% little than its mid-August highest arsenic ETH pulled backmost from grounds prices.
BitMine, which pivoted to an ETH strategy successful June, aims to country 5% of the second-largest cryptocurrency's proviso and make output by staking the tokens. The steadfast presently ranks arsenic the largest listed ETH treasury steadfast and lone trails the bitcoin-focused Strategy's $71 cardinal BTC holdings among each crypto treasury firms.
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